<span>Women were able to find more employment on the in America during WW2, as many jobs typically staffed by men were being vacated due to the increased need for manpower in the military.</span>
Answer:
D) Both A. and B. are true.
- A) The schedule provides no information as to whether Jurisdiction M's tax is horizontally equitable.
- B) Jurisdiction M's tax is vertically equitable.
Explanation:
When we are talking about horizontal equity of a tax, we are talking about how the tax base is measured and the ability that taxpayers have to pay the tax. There is nothing here about tax base or taxpayers' ability to pay.
On the other hand, vertical equity deals with the tax rate structure. In this case, the tax rate is progressive, meaning that it increases as the taxpayers' income increases. Progressive taxes are vertically equitable.
Answer: Purchase of outputs produced by the firm and in exchange receives wages for their labour from the firms.
Explanation:The circular flow of income is the flow of money, goods & services between economic agents. These economic agents are: the household, Firms and Government.
The Household spend its income on goods & services and also purchase outputs produced by firms and gets its inflow by providing factors of production to the firms.
The Firms spends its income on all factors of production( Labour, Capital, Raw materials) and gets its inflow from the sale of goods & services.
Government consist of the local state and federal whose income flows from the household and firm by way of taxes and flows out by way of grants, subsidies and purchase of goods & services.
Answer: $12,000
Explanation:
Given that,
Jessica is a 25% partner in the JRL Partnership
Cash received = $40,000
Jessica's partnership interest (basis) = $28,000
JRL has no hot assets or liabilities
Capital Gain on Distribution = Total Amount Received - Basis in Firm + Liability in Partnership
= $40,000 - $28,000 + $0
= $12,000
Therefore, $12,000 is the amount and character of Jessica's gain from the distribution.
Answer: $43
Explanation:
Cost is Revenue less required return in this scenario.
The required return on investment is 10% of the Investment which is,
= 10% * 88,000
= $8,800
Revenue is;
= $44 * 8,800 pieces
= $387,200
Total Cost = 387,200 - 8,800
= $378,400
Cost per unit = 378,400/8,800 units
= $43
For a required return of $8,800, units need to cost no more than $43.